NINE MASTS CAPITAL Ltd Takes $217,000 Position in Walmart Inc. (NYSE:WMT)

NINE MASTS CAPITAL Ltd acquired a new position in Walmart Inc. (NYSE:WMT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,200 shares of the retailer’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Able Wealth Management LLC acquired a new stake in Walmart in the fourth quarter worth about $30,000. Vermillion & White Wealth Management Group LLC bought a new position in Walmart during the fourth quarter worth about $32,000. Tidemark LLC bought a new position in Walmart during the fourth quarter worth about $37,000. Frank Rimerman Advisors LLC bought a new position in Walmart during the fourth quarter worth about $48,000. Finally, Private Wealth Management Group LLC bought a new position in Walmart during the fourth quarter worth about $50,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the transaction, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the transaction, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the transaction, the executive vice president now owns 463,871 shares in the company, valued at $32,239,034.50. The disclosure for this sale can be found here. Insiders have sold 9,269,360 shares of company stock worth $714,463,163 in the last ninety days. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WMT. DA Davidson raised their target price on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Truist Financial raised their target price on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, August 16th. HSBC boosted their price objective on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Jefferies Financial Group raised their target price on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Telsey Advisory Group increased their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Walmart Stock Up 1.0 %

Shares of WMT stock opened at $79.66 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $79.90. The firm’s fifty day moving average price is $72.30 and its two-hundred day moving average price is $65.95. The firm has a market capitalization of $640.33 billion, a P/E ratio of 34.09, a PEG ratio of 3.95 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. On average, equities analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.